RETAIL TECHNOLOGY AND SERVICES LIMITED (ASX.RTS)

former shareholders in this company may have unclaimed money arising from the compulsory acquisition of their shares - deListed provides a tracing service for a small administration fee that identifies where people can find unclaimed monies arising from compulsory acquisitions and also from dividend distributions, super contributions, inoperative bank, building society or credit union accounts, bequests and other sources - please click here for access to our Lost shares, Lost money?? service

delisted following completion of the compulsory acquisition of all ordinary shares by Satakua Pty Limited

we understand Satakua Pty Limited was successful with its off-market offer of 1 cent a share for the 36% of shares in RTS it did not already own

Satakua Pty Limited completes the acquisition of all shares in the company

Satakua Pty Limited's bid closes - it has received acceptances for about 95% of the shares and will proceed to compulsory acquisition

Satakua Pty Limited has received acceptances for more than 91% of the shares and will proceed to compulsory acquisition

Satakua Pty Limited extends the offer period from 23 May 2005 to 6 June 2005

Satakua Pty Limited extends the offer period from 9 May 2005 to 23 May 2005

company releases its target's statement in relation to the off-market offer by Satakua P/L (the independent directors recommend acceptance of the offer)

Satakua Pty Limited (see below) releases its bidder statement for its off-market bid of one cent a share

Satakua Pty Limited (see below) makes its bid

advises market that Satakua Pty Limited (which currently owns 64% of the ordinary shares)has determined to offer one cent per share to purchase "all the outstanding ordinary shares in the company"

joint deed administrators advise the Deed of Company Arrangement has been fully effectuated - control of the company therefore reverts to the directors - it will be interesting to see if shareholders now hear anything from their directors

administrators have paid a dividend of 100 cents in the dollar to admitted unsecured creditors and the Deed of Company Arrangement has now been effectuated

company advises its principal activities are trade magazine publisher

according to the Deed Administrators this company is still operating - creditors claims are being dealt with but Deed Administrators are unable to provide any information about the company's prospects for the re-quotation of its shares

resolutions passed at a creditors meeting for RTS and 2 wholly owned subsidiaries to enter into Deeds of Company Arrangement - the terms of the deeds are lengthy and shareholders should refer to the release for details

it is too early to predict the outcomes - shareholders are only able to claim a capital loss when a liquidator is appointed and issues the appropriate declaration or the company is deregistered

shares suspended from quotation as company appoints R Dean-Willcocks, I Purchas and N Milanos of Star Dean-Willcocks as voluntary administrators to the company and to 2 of its subsidiaries - adminstrators indicate they will continue to trade the businesses with a view to selling them as a going concern

name changed from Retail Services Limited